Nevertheless, it’s hard to imagine how this can’t be perceived as very positive news.
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I’m an unabashed Tesla fan - and MY owner - so let’s get that disclosure out of the way up front. Wall Street was expecting deliveries to come in at about 225,000-230,000 (Barron’s). “Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.”Īlso, the numbers could fluctuate by up to 0.5% “or more” depending on paperwork. Still, Tesla Investor Relations notes that this information doesn’t tell the whole story about Q3:
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And should be good news for those not only following CEO Elon Musk and team, but also the industry as a whole. Needless to say that’s pretty impressive. With Q3 at 241,300 that means q/q growth comes in at about 20%. Today, the EV maker revealed its Q3 production and delivery numbers (Tesla IR). At least if we consider its latest deliveries report. This is a 73% increase from the company’s Q3 2020 delivery results and a 20% increase from their Q2 2021 results.Despite the economic headwinds and daunting supply chain challenges Tesla ( NASDAQ: TSLA) appears to be still executing well. Of the 241,300 vehicles delivered, 232,025 were of the Model 3 and Model Y variety and 9,275 were Model S and Model X cars. This, evidently enough, did not come to pass. Additionally, this number surpassed the expectations of market analysts.Īccording to analysts’ estimates, Tesla was expected to deliver around 220,900 electric cars. Over the course of Q3 2021, Tesla delivered 241,300 cars, eclipsing their previous delivery record. Tesla’s production numbers increased by 31,402, or about 15%, in the last three months.Īnd thanks very much to our suppliers & logistics partners for coming through despite great difficulties! That consisted of 204,081 Model 3 and Model Y cars and 2,340 Model S and Model X cars. In Q2 2021, Tesla produced 206,421 vehicles. Tesla produced 64% more cars during the same fiscal quarter this year. Of that total, 128,044 were Model 3 and Model Y cars and 16,992 were Model S and Model X cars.
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In Q3 2020, Tesla produced 145,036 vehicles. Read more: Tesla Cybertruck: An intriguing electric pickup with a long ways to go These are glowing results, especially when compared side-by-side with Tesla’s production numbers from Q3 2020-and even Q2 2021. In total, they produced 237,823 vehicles: 228,882 Model 3 and Model Y cars and 8,941 Model S and Model X cars. The automaker produced more electric cars than ever before during Q3 2021. Let’s explore the Tesla Q3 results announcement a bit more. Tesla has released its vehicle delivery and production report for Q3 2021 and the results are record-setting.Īccording to the report, in their third quarter, the world’s most valuable automaker “produced approximately 238,000 vehicles and delivered over 240,000 vehicles.” They cite global supply chain and logistics challenges as obstacles that led to a number of production issues however, that didn’t stop the company from having their most remarkable quarter to date.